The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Amphenol beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share expanded significantly.
Gross margins dropped, operating margins grew, net margins increased.
Amphenol logged revenue of $1.15 billion. The 11 analysts polled by S&P Capital IQ wanted to see a top line of $1.11 billion on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $948.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.94. The 13 earnings estimates compiled by S&P Capital IQ anticipated $0.91 per share. GAAP EPS of $0.86 for Q4 were 25% higher than the prior-year quarter's $0.69 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 31.0%, 10 basis points worse than the prior-year quarter. Operating margin was 19.5%, 100 basis points better than the prior-year quarter. Net margin was 12.2%, 20 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.09 billion. On the bottom line, the average EPS estimate is $0.88.
Next year's average estimate for revenue is $4.59 billion. The average EPS estimate is $3.79.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Amphenol is outperform, with an average price target of $66.54.
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